Denison Historical Cash Flow
| DML Stock | CAD 2.97 0.11 3.57% |
Analysis of Denison Mines cash flow over time is an excellent tool to project Denison Mines Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 27 M or Other Cashflows From Financing Activities of 3.5 M as it is a great indicator of Denison Mines ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Denison Mines Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Denison Mines Corp is a good buy for the upcoming year.
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About Denison Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Denison balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Denison's non-liquid assets can be easily converted into cash.
Denison Mines Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Denison Mines Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Denison Mines operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Denison Mines' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Denison Mines Corp current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Denison Mines' Depreciation is very stable compared to the past year. As of the 15th of December 2024, Net Income is likely to grow to about 93.8 M, while Change To Inventory is likely to drop (909.3 K).
Denison Mines cash flow statement Correlations
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Denison Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Denison Mines cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 232K | 220K | (410K) | 741K | (866K) | (909.3K) | |
| Change In Cash | (15.0M) | 16.8M | 39.0M | (13.1M) | 80.1M | 84.1M | |
| Free Cash Flow | (19.7M) | (13.8M) | (22.5M) | (35.0M) | (33.9M) | (35.6M) | |
| Change In Working Capital | 2.3M | (307K) | (199K) | 1.7M | 1.9M | 2.0M | |
| Begin Period Cash Flow | 23.2M | 8.2M | 25.0M | 64.0M | 50.9M | 27.0M | |
| Other Cashflows From Financing Activities | (257K) | (319K) | 6.1M | 1.3M | 3.3M | 3.5M | |
| Other Non Cash Items | (4.8M) | (85K) | (4.7M) | (54.4M) | (129.1M) | (122.7M) | |
| Capital Expenditures | 929K | 278K | 1.2M | 6.9M | 3.2M | 3.1M | |
| Total Cash From Operating Activities | (18.8M) | (13.5M) | (21.2M) | (28.1M) | (30.7M) | (29.1M) | |
| Total Cash From Financing Activities | 4.7M | 30.5M | 159.8M | 21.0M | 111.2M | 116.7M | |
| End Period Cash Flow | 8.2M | 25.0M | 64.0M | 50.9M | 131.1M | 137.6M | |
| Sale Purchase Of Stock | 4.7M | 31.0M | 160.0M | 21.0M | 24.2M | 29.6M | |
| Depreciation | 5.0M | 2.2M | (36.1M) | 8.7M | 5.8M | 7.7M | |
| Net Income | (18.1M) | (16.3M) | 19.0M | 14.4M | 89.4M | 93.8M | |
| Stock Based Compensation | 2.2M | 1.8M | 2.8M | 3.7M | 3.7M | 1.9M | |
| Change To Account Receivables | (201K) | 649K | (282K) | (512K) | 2.2M | 2.5M | |
| Investments | (921K) | 305K | (77.4M) | (6.8M) | (719K) | (755.0K) | |
| Total Cashflows From Investing Activities | (921K) | 305K | (99.0M) | (6.8M) | (6.1M) | (6.4M) | |
| Change To Operating Activities | (160K) | (422K) | (183K) | 129K | 148.4K | 155.8K | |
| Other Cashflows From Investing Activities | 511K | (24K) | (20.5M) | 108K | 97.2K | 102.1K | |
| Change To Netincome | (11.6M) | (4.0M) | (47.4M) | (52.9M) | (47.6M) | (45.2M) | |
| Change To Liabilities | 2.4M | (754K) | 676K | 1.4M | 1.6M | 1.7M | |
| Issuance Of Capital Stock | 4.3M | 30.8M | 153.7M | 19.6M | 107.9M | 58.8M |
Pair Trading with Denison Mines
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Denison Mines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
Moving against Denison Stock
| 0.74 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.64 | SLF-PC | Sun Life Financial | PairCorr |
| 0.62 | SLF-PD | Sun Life Financial | PairCorr |
| 0.59 | SAGE | Sage Potash Corp | PairCorr |
| 0.45 | SLF-PG | Sun Life Non | PairCorr |
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Denison Mines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Denison Mines Corp to buy it.
The correlation of Denison Mines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Denison Mines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.